Thread: Money I owe the IRS $4,000
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Old 02-16-2020, 01:26 PM   #111
DaFace DaFace is offline
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Join Date: Aug 2005
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Quote:
Originally Posted by Mennonite View Post
This seems like terrible advice. You're basically giving the government an interest free loan in exchange for what exactly? You end up paying the same amount in the end, and you could have used the income you prematurely forked over to invest in something that could have actually made you money.
I always despise this take. Yes, it's technically true, but unless you are overwithholding by thousands, you're losing like $20 in the interest at most. That's well worth it to avoid the possibility of big bills come tax time for many.
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